Hands up if this sounds like you: As soon as you get a cash influx you reinvest back into your business because that’s what you’re supposed to do.
As they say, you’ve got to spend money to make money, so you take a good chunk of that cash and spend it upgrading your website, getting new photos, and signing up to that new training on how to uplevel your business.
By all means, you’re following all the business rules, including the one that says no one makes money in their first few years of business, because you’re serious about your business. You want to do it right.
You’re in it for the long haul. You’re a real deal entrepreneur.
This dedication to being serious about your business means the only thing you take out of your business account for yourself maybe is money for the groceries and a few household bills here and there.
You never transfer out a monthly salary for all your hard work.
You’re not paying yourself.
This seems to be the norm at the moment for business women everywhere.
When I ask them how they’ve getting paid, they proceed to tell me about how they have Paypal set up to receive their business payments. It’s only when I ask them how their business is paying them that I get no response back, because not many women are paying themselves a salary.
If you’re one of these business women who aren’t paying themselves, I’ve got some news for you.
You’re stealing from yourself.
And it’s time to stop.
Of course reinvesting in your business is essential. At times. But if you’re reinvesting every single cent you’ve made each month back into your business, you’re stealing from yourself.
Of course upgrading your website, branding & skill set is essential. At times. But if you’re reinvesting every single cent you’ve made each month into upgrading to the latest brightest shiniest thing, you’re stealing from yourself.
When you have a business that operates like this, everyone’s a winner except for one person: You!
You’re paying your vendors, handsomely.
You’re paying your VA, handsomely.
You’re paying your business coach, handsomely.
You’re paying the tax man too.
Everyone’s getting a cut, but where’s your cut?
Now let’s get real here for a minute.
Reinvesting is not your cut!
If you’re operating your business this way then you’re on a one way trip to Burnout Town, because there’s nothing enjoyable or sustainable about working your butt off and not seeing any financial reward.
So let’s get this clear.
STOP STEALING FROM YOURSELF.
AND FOR THE LOVE OF GOD, PAY YOURSELF A SALARY.
This isn’t something you deserve to do once your business is up and running, or when you’re a few years in and more established.
You can pay yourself now.
From your next deposit.
You don’t have to wait. You don’t have to sacrifice. You don’t have to go without. You can do this now. You should do this now.
By adopting the Profit First system.
This simple system can be implemented in your business right now, so you can easily get paid and manage your profits.
I love profit first in my Flagship program: Become A Money Boss. So if you believe it’s high time you stopped stealing from yourself and got your money sorted, now is the time! → https://sylviachierchia.com/become-a-money-boss
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